Notable Analyst Rating Changes 9/4: CTCM, BBD, GFA, MOV Upgraded; PSO, ARRY, ANF, ZUMZ, TTWO Downgraded

September 4, 2009 10:11 AM EDT

UPGRADES:
Goldman Sachs upgrades CTC Media, Inc (Nasdaq: CTCM) from Neutral to Buy.

Deutsche Bank upgrades Bradesco (NYSE: BBD) Buy, making it 'Top Pick' in the sector. Click here to see more color on the upgrade.

Morgan Stanley upgrades Gafisa S.A. (NYSE: GFA) to Overweight.

Morgan Joseph upgrades Movado (NYSE: MOV) to Buy. Price target $16. Here is the full report.

For daily real-time Upgrades go to http://www.streetinsider.com/Upgrades

DOWNGRADES:
Goldman Sachs downgrades Pearson plc (NYSE: PSO) from Neutral to Sell and added the stock to their Sell List.

Array Biopharma (Nasdaq: ARRY) downgraded to Market Perform and Neutral at Leerink Swann and Baird, respectively.

Citigroup is out downgrading Abercrombie & Fitch Co (NYSE: ANF) to Sell from Hold while lowering their price target to $24 (prev. $33). Here is more color on the downgrade.

KeyBanc downgrades Zumiez (Nasdaq: ZUMZ) from Buy to Hold. Click here to see the full report.

Hilliard Lyons downgrades Take-Two Interactive (Nasdaq: TTWO) from Long-Term Buy to Neutral.

For daily real-time Downgrades go to http://www.streetinsider.com/Downgrades

NEW COVERAGE:
Credit Suisse initiates coverage on Liberty Global (Nasdaq: LBTYA) with an Outperform rating. Price target $26.

Baird initiates coverage on Micrus Endovascular (Nasdaq: MEND) with an Outperform. Price target $14.

Raymond James initiates coverage on MSC Industrial Direct (NYSE: MSM) with an Outperform rating.

For daily real-time New Coverage go to http://www.streetinsider.com/New+Coverage


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Stocks Mentioned

ANF 39.42

+0.08 +0.20%
Volume: 4,296,863
Track ANF

ARRY 1.93

-0.01 -0.52%
Volume: 111,905
Track ARRY

BBD 21.12

+0.21 +1.00%
Volume: 6,000,626
Track BBD

CTCM 15.34

-0.25 -1.60%
Volume: 330,410
Track CTCM

GFA 33.24

-1.79 -5.11%
Volume: 2,502,598
Track GFA

LBTYA 20.13

-0.50 -2.42%
Volume: 3,346,186
Track LBTYA

MEND 13.18

+0.08 +0.61%
Volume: 30,150
Track MEND

MOV 10.49

-0.06 -0.57%
Volume: 70,962
Track MOV

MSM 46.66

-0.14 -0.30%
Volume: 616,958
Track MSM

PSO 14.05

+0.02 +0.14%
Volume: 68,564
Track PSO

TTWO 11.57

+0.15 +1.31%
Volume: 786,548
Track TTWO

ZUMZ 11.02

-0.68 -5.81%
Volume: 403,628
Track ZUMZ


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